Amerant Bancorp (NYSE: AMTB) details compensation package for new COO
Filing Impact
Filing Sentiment
Form Type
8-K/A
Rhea-AI Filing Summary
Amerant Bancorp Inc. filed an amendment to update details about the compensation package for Adrian Rodriguez, who became Executive Vice President and Chief Operating Officer on May 26, 2026. The board’s Compensation and Human Capital Committee approved an annual base salary of $415,000, effective as of that date.
Starting in fiscal year 2026, Rodriguez will be eligible for short-term variable compensation targeted at 60% of base salary, tied to company and individual performance goals. He will also remain eligible for long-term incentive awards under the company’s Equity Compensation Plan, also targeted at 60% of base salary, and will receive a $300 monthly car stipend before taxes and withholdings.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
COO base salary: $415,000 per year
Short-term incentive target: 60% of base salary
Long-term incentive target: 60% of base salary
+3 more
6 metrics
COO base salary
$415,000 per year
Annual base salary effective May 26, 2026
Short-term incentive target
60% of base salary
Short-term variable compensation starting fiscal year 2026
Long-term incentive target
60% of base salary
Eligibility under Equity Compensation Plan
Car stipend
$300 per month
Monthly car stipend before taxes and withholdings
Effective date of appointment
May 26, 2026
Date Rodriguez became EVP and COO
Compensation approval date
June 12, 2026
Date committee approved compensation terms
Key Terms
Executive Vice President and Chief Operating Officer, Compensation and Human Capital Committee, short-term variable compensation, long-term incentive awards, +1 more
5 terms
Executive Vice President and Chief Operating Officer financial
"appointed Adrian Rodriguez as Executive Vice President and Chief Operating Officer."
Compensation and Human Capital Committee financial
"the Compensation and Human Capital Committee of the Board of Directors approved the following compensation terms"
A compensation and human capital committee is a board-level group that sets and oversees executive pay, employee incentive plans, hiring and retention strategies, succession planning, and workplace policies. Think of it as the company’s talent and pay steering team — it shapes who gets hired or promoted, how employees are rewarded, and how workforce risks are managed. Investors care because those choices drive labor costs, company performance, leadership stability and reputation, all of which affect long-term value.
short-term variable compensation financial
"entitled to short-term variable compensation with a target of 60% of base salary"
long-term incentive awards financial
"eligible for long-term incentive awards under the Company’s Equity Compensation Plan"
Equity Compensation Plan financial
"long-term incentive awards under the Company’s Equity Compensation Plan also at a target of 60% of base salary"
A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 26, 2026
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
EXPLANATORY NOTE
Amerant Bancorp Inc. (the “Company”) is filing this Amendment No. 1 (this “Amendment No. 1”) to the Company’s Current Report on Form 8-K, filed on May 29, 2026 (the “Original Report”), to update the disclosures contained therein under Item 5.02, which are hereby supplemented and amended by the disclosure contained in Item 5.02 of this Amendment No. 1.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously disclosed in the Original Report, on May 26, 2026 (the “Effective Date”), Amerant Bancorp Inc. (the “Company”) and its main subsidiary, Amerant Bank, N.A. (the “Bank”), appointed Adrian Rodriguez as Executive Vice President and Chief Operating Officer.
In connection with Mr. Rodriguez’s appointment as Chief Operating Officer, on June 12, 2026, the Compensation and Human Capital Committee of the Board of Directors approved the following compensation terms, effective as of the Effective Date: (i) Mr. Rodriguez will receive an annual base salary of $415,000; (ii) starting in fiscal year 2026, Mr. Rodriguez will be entitled to short-term variable compensation with a target of 60% of base salary, based on the attainment of Company and individual performance goals; (iii) Mr. Rodriguez will remain eligible for long-term incentive awards under the Company’s Equity Compensation Plan also at a target of 60% of base salary (no additional long-term incentive awards were approved for Mr. Rodriguez in connection with his appointment as Chief Operating Officer); and (iv) Mr. Rodriguez will be entitled to a monthly car stipend in the amount of $300, less applicable taxes and withholdings.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: June 17, 2026 | Amerant Bancorp Inc. | |||||||||||||
| By: | /s/ Julio V. Pena | |||||||||||||
| Name: Julio V. Pena | ||||||||||||||
| Title: Executive Vice President, Associate General Counsel and Corporate Secretary | ||||||||||||||
FAQ
What change does Amerant Bancorp (AMTB) report in this 8-K/A filing?
Amerant Bancorp updates compensation details for its new Chief Operating Officer, Adrian Rodriguez. The filing specifies base salary, incentive targets, and a car stipend, refining previously disclosed terms under Item 5.02 for greater clarity on his total compensation structure.
What is the base salary for Amerant Bancorp COO Adrian Rodriguez?
Adrian Rodriguez will receive an annual base salary of $415,000 as Chief Operating Officer. This figure becomes effective as of his May 26, 2026 appointment and forms the foundation for calculating his short-term and long-term incentive compensation targets.
How is short-term incentive pay structured for AMTB’s COO?
Starting in fiscal year 2026, Rodriguez is eligible for short-term variable compensation targeted at 60% of base salary. Actual payouts will depend on achieving defined Amerant Bancorp and individual performance goals specified by the Compensation and Human Capital Committee.
What long-term incentives will Amerant Bancorp’s COO receive?
Rodriguez remains eligible for long-term incentive awards under Amerant Bancorp’s Equity Compensation Plan with a target of 60% of base salary. The amendment notes no additional long-term awards were granted specifically in connection with his promotion to Chief Operating Officer.
Does Amerant Bancorp provide any additional benefits to its COO?
Yes. In addition to salary and incentive opportunities, Adrian Rodriguez will receive a $300 monthly car stipend. This stipend is subject to applicable taxes and withholdings and supplements his overall compensation package as Executive Vice President and Chief Operating Officer.